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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (601)	4/20/2001 7:12:15 PM
From: Poet	Read Replies (2) \| Respond to of 209892

I've got to admit, this gives me a bit of a tingle as well: In February 1998, the executives, who each earned $100,000 or more, took out personal bank loans averaging $1 million each (minimum investment was $276,000), resulting in each executive holding an average of 58,000 shares, then valued at $17 each (adjusted for a stock split). The execs did not receive discounts and had to hold the shares for at least a year. Bank One's predecessor, First Chicago NBD, loaned the money to the executives. With Comdisco shares in a nosedive since then--the stock closed Monday at $1.20--the $1 million average investment is now worth about $70,000.